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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Public & Societal Benefit Financial Accounting Foundation

Financial Accounting Foundation

Fiscal year ending 2018. Filed on May 10, 2019.

401 Merritt 7 PO Box 5116
Norwalk, Connecticut 06856

Financial Accounting Foundation (EIN: 23-7211935) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2018 IRS Form 990 filing, Financial Accounting Foundation, a 501(c)(3) charitable organization, reported compensation for 27 out of 174 total employees. Among the employees shown here, the average compensation is $386,249. The highest compensated employee at Financial Accounting Foundation is Russell G Golden with fiscal year 2018 compensation of $1,194,088.

Revenue, expenses, and employee compensation

Revenue

$56,669,119

Expenses

$52,059,519

Employee compensation

$39,936,423
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Russell G Golden
Chairman, FASB
$1,194,088
$1,115,406 No related comp$78,682
James L Kroeker
VICE Chairman, FASB
$1,035,692
$989,274 No related comp$46,418
R Harold Schroeder
Board Member
$972,665
$892,945 No related comp$79,720
Christine Ann Botoson
Board Member
$965,581
$877,424 No related comp$88,157
Marsha L Hunt
Board Member
$935,883
$877,765 No related comp$58,118
Teresa S Polley
President
$854,023
$788,240 No related comp$65,783
Susan M Cosper
Technical Director, FASB
$842,148
$769,893 No related comp$72,255
Gary R Buesser
Board Member
$752,163
$690,586 No related comp$61,577
David A Vaudt
Chairman, GASB
$691,083
$625,172 No related comp$65,911
Mary P Crotty
Chief Operating Officer
$582,050
$501,442 No related comp$80,608
John W Auchincloss
Vice President and General Counsel (BE
$495,357
$416,001 No related comp$79,356
Charles H Noski
Chair
$160,000
$160,000 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Gary H Bruebaker
Vice Chair
Nancy K Kopp
Trustee

Contractors

Ovitas
IT Consultant
$1,719,506
K&L Gates LLP
External Relations Consultant
$556,924
Rackspace US Inc.
IT
$520,419
Desrosier of Greenwich
IT Consultant
$386,012
Innovative Services Technology
IT Outsource
$366,841

Mission Statement

THE MISSION OF THE FINANCIAL ACCOUNTING FOUNDATION (FAF) IS TO ESTABLISH AND IMPROVE FINANCIAL ACCOUNTING AND REPORTING STANDARDS, TO PROVIDE USEFUL INFORMATION TO INVESTORS AND OTHER USERS OF FINANCIAL REPORTS AND TO EDUCATE STAKEHOLDERS ON HOW TO MOST EFFECTIVELY UNDERSTAND AND IMPLEMENT THOSE STANDARDS. THE FAF, ORGANIZED IN 1972, IS THE INDEPENDENT, PRIVATE-SECTOR ORGANIZATION RESPONSIBLE FOR THE OVERSIGHT, ADMINISTRATION, FINANCING AND APPOINTMENT OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) AND THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB), WHICH WERE ESTABLISHED TO PERFORM DISTINCT FUNCTIONS IN THE PROCESS OF ESTABLISHING AND IMPROVING FINANCIAL ACCOUNTING AND REPORTING STANDARDS.

Revisions to this organization profile

May 14, 2024:
2023 Financial Accounting Foundation 990 filed
May 15, 2023:
2022 Financial Accounting Foundation 990 filed
May 11, 2022:
2021 Financial Accounting Foundation 990 filed

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